Global Biofuels Market 2019 Review: Forecast to 2023

1. Market Research Future published a Half-Cooked Research report on “Global Biofuels Market Research Report - Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Global Biofuels Market - Overview The biofuel is a liquid fuel that is extracted from biological materials such as trees, crops, animal matter and agricultural wastes. They are typically produced from carbon sources that can be replenished rapidly. Biofuels do not emit any toxic materials such as sulphur on combustion and produce very less carbon monoxides. Biofuels are typically used as substitutes for conventional fossil fuels such as petroleum, coal and natural gas. According to a recent study report published by the Market Research Future, The global market of Biofuels is booming and expected to gain prominence over the forecast period. The Global Biofuels market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping, double digit CAGR of 5.7% during the estimated period (2017 – 2023). Increasing government support for biofuel development through programs, policies and regulations driving the growth of the market. Depletion of fossil fuels also leads to the requirement of renewable biofuels. Increasing the use of biofuels as vehicle fuel source across the globe also provide boost to the growth of the market. However, uncertain feed stock prices and yield and capital intensiveness of the project may restrict the growth of the market. Key Players: Archer Daniels Midland Company (U.S.), Aceites Manuelita S.A.( Colombia ), Abengoa Bioenergy, Inc.(Spain), INEOS Group AG (U.K.), Neste Corporation (Finland), Renewable Energy Group, Inc (U.S.), BlueFire Renewables (U.S.), Cosan S.A. Indústria E Comércio (Brasil), Infinita Renovables SA (Spain) and BioWanze SA (Belgium) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Biofuels Market. Global Biofuels Market - Competitive Analysis Global Biofuels Market appears to be highly fragmented and competitive owning to the presence of numerous large and medium players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement &

2. Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. Manufacturers operating in the market strive to deliver innovative solutions that improve the design and manufacturing processes of business around the world. Focusing upon the competitive edge, Biofuels manufacturers strive to develop products that can deliver optimal efficient, convenience and reliability. Utilizing their international and regional presence, these manufacturers assure their customers with the consistency in product & service quality. Manufacturers strive to develop their product portfolio with a wide range of Biofuels for every application. Industry News In September 2017, Cargill has announced the plans to build a state-of-the-art USD 90 million biodiesel plant in Wichita, Kansas. Set to open January 2019, it will produce 60 million gallons of biodiesel annually. Opening the facility in Wichita will strengthen Cargill's biodiesel operations in the heart of the Midwest where it already has biodiesel plants in Iowa Falls, Iowa, and Kansas City, Missouri. In March, 2017, Cepsa completes the acquisition of the abengoa biofuel plant in San Roque. In June 2016, Canada-headed biodiesel producer and process technology developer Biox Corp., and US-headed World Energy has entered into a joint venture (JV) to acquire and operate a biodiesel facility in Houston, Texas. This JV aims to acquire the 90 million US-gallon (≈341 million litres) per annum facility formerly known as Green Earth Fuels. Biofuels Market - Segmentation Global Biofuels Market is segmented in to two key dynamics for an easy grasp and enhanced understanding. Segmentation: On the basis of fuel type, market is segmented into Bio Diesel and Ethanol. Ethanol dominates fuel type segment of the market. Bioethanol is a renewable fuel and can be produced using various feedstock. The presence of a high

3. number of ethanol mandates compared to biodiesel mandates results in the increased production of ethanol. On the basis of feedstock type, market is segmented into Biodiesel Feedstock, Ethanol Feedstock. The biodiesel feedstock includes palm oil, soya beans, rapeseed, and others. It is largely dependent on the geographical, climatic, and agricultural conditions of a region. On the basis of Composition, market is segmented into Starch Feedstock’s, Sugar Feedstock, Lignocellulosic Feedstock and Miscellaneous Feedstock. Based on Application segment the market is segmented into Transportation, Power Generation and Others. Rising use of biodiesel in the fuel and power generation application segments have led to an increased demand for biodiesel, globally. Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact Us: Company Name: Market Research Future Email: sales@marketresearchfuture.com Phone: +1 646 845 9312 Country: India Website: www.marketresearchfuture.com